Thought Papers
2025
2023
Papers By Topic
Cornerstone Process and Philosophy
July 2026: The Cornerstone Edge: Built to Execute
May 2026: Beyond the Four Ps: Culture - The Keeper of Process
April 2026: Value as a Vector: Profiting from the Direction of Value
March 2026: How AI Creates Mispricings in the Market: The Three Orders of Impact
June 2025: Beyond the Numbers: Dean Morris on Markets, Mentors, and Meaning
January 2025: Partners in Productivity: How Cornerstone Uses AI
September 2024: Our Approach to Evaluating Corporate Management Teams
May 2024: Identifying Mispriced Stocks as a Relative Value Manager
March 2023: Just Below the Surface: Cornerstone's Proprietary Approach to Analyzing Bank Stocks
Why Active & Why Cornerstone?
December 2025: Winning the Decade, not the Year: Reframing Manager Performance
September 2025: Beyond the Style Box: A Time Period to Test Active Management
October 2024: How is Your Investment Manager Winning?
March 2024: Is Passive Large Cap Value Damaging Performance Relative to Peers?
December 2023: Is Passive Small Cap Core Damaging Performance Relative to Peers?
March 2023 :Value & Active's Excellent Opportunity
December 2021: Why Active Value Now
July 2020: A Generational Opportunity for Active Value Investors
November 2019: Generational Opportunity for Active Value-Oriented Strategies
Topical Market Perspectives
Note: We share our quarterly large cap and small cap investment commentaries here.
June 2025: Increasing Risks of Investment-Related Cybercrimes
June 2023: Suffering from Bad Breadth?
November 2020: The Cases For And Against Future Inflation During The COVID Economy